Industrial Economics and Finance

We are one of the largest groups of industrial economics and finance experts in any British university. With over 40 academic staff and a vibrant community of over 20 PhD students, we work in all major aspects of finance, industrial and applied economics as well as in risk, insurance and banking.

Our students benefit from both our world-class research expertise and our experience of practical knowledge from consulting activities. Our research is widely published in major journals while we also conduct research commissioned by national and international government departments, professional bodies, and the private sector.

The Division offers specialist undergraduate degrees in Industrial Economics, Industrial Economics with Insurance and Finance, Accounting & Management and MSc degrees in Finance & Investment, Risk Management and Banking & Finance. The Division also contributes to teaching on many other undergraduate and post-graduate degrees within the School.

Economics

The Division is organised into three groups: Finance, Industrial Economics and Risk, Insurance & Banking.

Finance

The Finance group carries out world-class research covering all major aspects of finance including:

Asset pricing: theoretical, empirical and behavioural aspects.

Corporate Finance: All major research themes including mergers & acquisitions, financial restructuring and corporate strategy.

Corporate Governance: composition of board, incentive contracting and related themes.Derivatives: theoretical as well as empirical issues

Mathematical Finance

Our research strength shows in the journals we publish in, which include Journal of Banking and Finance, Journal of Business Finance and Accounting, Journal of Corporate Finance, Journal of Derivatives, Journal of Financial Economics, Journal of Finance, Journal of Financial Markets, Journal of Financial Research, Journal of Real Estate Finance and Economics, Mathematical Finance, and Review of Financial Studies.

We offer a highly competitive PhD programme, which is a combination of rigorous training and supervision by our leading scholars. Our doctoral students play a full and active part in the group's research activities. The doctoral programme also offers taught modules in the areas of Corporate Finance, Asset pricing and Financial Econometrics which help the students to learn the theoretical and empirical tools of research in a systematic manner.

We admit about five doctoral students into our PhD programme each year and together we commit ourselves to the highest-quality research in finance.

We have one of the largest and renowned groups of industrial economists in the UK. Our research covers a wide range of topics including :

innovation

mergers and acquisitions

corporate governance and executive remuneration

credit market imperfections

regulation and public policy

behavioural and experimental economics

advertising

industrial relations

A number of significant research grants support our work in these areas including the Economic and Social Research Council (ESRC), Leverhulme Trust and the Department of Trade and Industry.

The Division hosts the Network of Industrial Economists (NIE). The NIE is a nationwide forum for interaction between academia, business, and Government on topics of industry economics. We hold the annual NIE doctoral colloquium, an important forum for our PhD students to highlight and discuss their research.

We publish work in progress by members of the Division and their collaborators in our Occasional Paper Series.

The Industrial Economics Seminar Series presents work by eminent economists from the UK and beyond. We also host the ESRC seminar series on Innovating for a Low Carbon Economy.

Risk, Insurance and Banking

The Risk, Insurance and Banking group has its origins in a longstanding research focus within the Division on risk management, insurance and financial services, together with a recent prioritisation of research in the area of banking. Within these broad areas work is being undertaken on topics including:

The performance and efficiency of banks and insurance companies

The international regulation of banks

Risk management in banking, insurance and financial services

Risk management in the legal services and health care sectors

Operational risk

Members of the group are all also members of the Centre for Risk, Banking and Financial Services (CRBFS) and contribute to its seminars and activities. The group also hosts the Annual UK Insurance Economists Conference at NUBS, which attracts contributions from both international academics and industry practitioners.

Our research strength and breadth shows in the journals we publish in, which include the Journal of Banking and Finance, International Journal of the Economics of Business, European Journal of Operations Research, International Review of Financial Analysis, Oxford Bulletin of Economics and Statistics and Business History. Recent funded research includes projects for the ESRC, Nuffield Foundation. Current and recent PhD students have worked on topics such as Corporate Demand for Reinsurance, Greek Banking System Productivity, Capital Structure during the 2008 Crisis.

Members of the group have provided advice to private and public decision-takers in relation to banking, insurance and risk management issues; recipients of current policy advice include the Financial Services Authority, the Civil Justice Council, and the Institute of Actuaries.

Available Databases

Nottingham University Business School subscribes to the following databases to support high-quality research in finance, economics and banking :

The following lists all of those journal articles, books and book chapters published by current members of
the Industrial Economics and Finance division from 1996 to the present day. Please note that whilst other types of publication are
excluded, these can be accessed from the individual staff pages on the main staff list.

Drake, L.M.; Simper, R. (2001), "The Economic Evaluation of Policing Activity: An Application of a Hybrid Methodology", European Journal of Law and Economics, Vol.12 (2), pp.pp 181-200.

Drake, L.M.; Simper, R. (2000), "Productivity Estimation and the Size-Efficiency Relationship in English and Welsh Police Forces: An Application of DEA and Multiple Discriminant Analysis", International Review of Law and Economics, Vol.20 (1), pp 53-73.

Fernandez-Young, A.; Young, R. (2008), "Measuring the Effects of Film and Television on Tourism to Screen Locations: A Theoretical and Empirical Perspective", Journal of Travel and Tourism Marketing, Vol.24(2-3), pp. 195-212.

FU, X., HELMERS, C. and ZHANG, J. (2012), "The Two Faces of Foreign Management Capabilities: Competition and Spillovers from FDI in the UK Retail Sector", International Business Review, Vol.21(1), 71-88.

Vencappa, D.; Fenn, P.; Diacon, S. (2013), "Productivity Growth in the European insurance industry: evidence from life and non-life companies", International Journal of the Economic of Business, Vol.20 1, pp. 281-305.

Wright, M.; Gilligan, J.; Amess, K. (2008), "The Economic Impact of Private Equity: What We Know and What We Would Like to Know", Venture Capital: An International Journal of Entrepreneurial Finance, Vol.11(1), pp.1-21.

Haile, G. (2010), "Workplace Demographic Diversity and Employee Well-being", in Whitfield,K (ed) Employee Well-Being and Working Life: Towards an Evidence-Based Policy Agenda, Proceedings of an Economic and Social Research Council (ESRC)/Health and Safety Executive (HSE) Public Policy Seminar event held at the Health and Safety Executive..

Haile, G. (2006), "Determinants of Self-Employment in Urban Ethiopia", in Chapter in Proceedings of the 2005 Annual Conference of the Ethiopian Economic Association.

Haile, G. (2005), "Determinants of Self-employment in Urban Ethiopia", in the 3rd International Conference on the Ethiopian Economy organised by the Ethiopian Economic Association.